Genesis hired bankruptcy specialists

time:2022-11-23 06:31 source:Internet

According to the New York Times, cryptocurrency company Genesis has hired investment bank Moelis & Company to explore its crisis options, including the possibility of a potential bankruptcy filing.Previously, Moelis & Company advised Voyager Digital.However, the publication’s sources stressed that the company still has the ability to prevent a bankruptcy filing.Earlier, Genesis said it had hired consulting firm Alvarez & Marsal and law firm Cleary Gottlieb to address its lack of liquidity.Genesis is a subsidiary of Digital Currency Group.
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